Conflicts of jurisdiction in insolvency proceedings: a reminder about the Centre of Main Interests (COMI)
Regulation (EU) 2015/848 of May 20, 2015 on insolvency proceedings aims at harmonizing the rules applicable to cross-border insolvency proceedings within the European Union. Its aim at facilitating coordination between the courts of the Member States, protect creditors‘ rights and avoid conflicts of laws or jurisdiction in insolvency procedures involving companies operating in several EU […]
Compte-courant associé et abus de biens sociaux
Le compte-courant associé est un moyen couramment utilisé pour financer les besoins en liquidités d’une société par ses associés. Lorsque l’associé prête de l’argent à la société, le compte courant associé devient créditeur. Lorsque la société prête l’argent à l’associé, le compte courant associé est débiteur. Cette situation est considérée comme anormale, la jurisprudence et […]
Update on investment fund investor protection rules
On 29 March 2024, the CSSF published Circular CSSF 24/856 (the ‘Circular 24/856’) on the protection of investors in the event of NAV calculation errors, non-compliance with investment rules and other errors at the level of a UCI. Circular 24/856 replaces the previous CSSF circular 02/77 and will come into force on 1 January 2025. […]
Conflict between shareholder agreement and articles of association of a company: what prevails?
In a pending procedure in front of the Luxembourg Commercial Court, one party (Company 1) disputed the mandate of the other party’s (Company 2) legal counsel. According to its articles of association, Company 2 was managed by 5 managers. The articles of association provided the terms according to which the company was duly bound (joint […]
solde des charges locatives: à qui doit payer le locataire en cas de vente
Dans un jugement du 27 mars 2023, le juge de Paix de Luxembourg rappelle les règles en matière de transfert des droits et obligations entre le vendeur et l’acquéreur d’un immeuble déjà en location au moment de la vente. La date à prendre en compte pour vérifier s’il y a transfert des droits découlant du […]
The new law on moral harassment at work in Luxembourg is published
In Luxembourg, there was no legal framework for moral harassment (unlike in the Grand Duchy’s neighbouring countries and unlike sexual harassment, which has had a legal framework in Luxembourg since 2008). A draft law was filed 23 July 2021 in order to provide a legal framework for moral harassment (see our article here). The new […]
Private reasons residence permit : Recent Case Law
According to the Luxembourg Law on Immigration of 2008 (the “Law of 2008”) a third country national with sufficient resources may apply for a private reasons residence permit in Luxembourg (Article 78 (1) a) of the Law of 2008). The criteria of “sufficient resources” is appreciated with reference to the Luxembourg unqualified minimum salary. In […]
What is the minimum salary to apply for a EU Blue Card in Luxembourg (update December 2022)?
Third-country nationals that want to apply for a highly qualified work permit (EU Blue card) must meet certain requirements. One of the requirements, is to have an offer for a remuneration of at least: Option 1: 1.5 times the amount of the Luxembourg average gross annual salary or; Option 2: at least equivalent to 1.2 […]
Coworking spaces subject to AML Regulation?
The modified Law on Anti-Money Laundering and Combating of the Financing of Terrorism of 12 November 2004 („AML Law“) applies to a number of professionals, including „trust and company service providers“ („TCSPs„). TCSPs are currently defined in the AML LAW as follows (Article 1(8) AML): any natural or legal person who provides, by way of […]
Aussetzung von Räumungbefehlen bis zum 31. März 2023
Am 3. Oktober 2023 wurde ein Gesetzesentwurf (Nr. 8076) eingereicht, der die Aussetzung von Räumungsbefehle von Mietverträgen bis zum 31. März 2023 verlängert. Der Gesetzesentwurf zielt darauf ab, die Vollstreckung von Räumungsbefehlen im Zusammenhang mit Wohnraummietverträgen auszusetzen. Scheidungsfällen angeordneten Räumungen, bei denen einem der Ehegatten die Nutzung der Familienwohnung zugesprochen wird, sowie in Fällen häuslicher […]
